Market Pulse
Robinson sees strong H2 momentum carry over into 2024
Plastic and paperboard packaging manufacturer Robinson said on Thursday that momentum experienced in the second half of 2023 has continued into 2024.
Keras Resources restarts activities at Nayega mine
Keras Resources announced the resumption of activities at the Nayéga manganese mine in Northern Togo on Thursday, after signing a cooperation agreement with the Republic of Togo on 17 May.
Asia report: Markets mixed as Chinese imports surge beyond forecasts
Stock markets in the Asia-Pacific region finished in a mixed state on Thursday, with equities in China buoyed by robust import figures in the country.
Diversified Energy delivers 'solid' Q1 performance
Oil production company Diversified Energy reported "solid" Q1 results on Thursday as it said ongoing cost-cutting efforts were already paying off.
Morgan Advanced Materials revenue rises in first quarter
Morgan Advanced Materials said in an update on Thursday that in the first three months of the year, it saw a notable increase in sales, with a 12% rise on an organic constant currency basis compared to the same period last year.
Spire Healthcare trading in line with outlook
Spire Healthcare said in an update on Thursday that its recent trading had been robust, in line with the positive momentum seen since it announced its results on 29 February.
Harbour Energy hikes FY dividend, 'on track' to complete Wintershall acquisition in Q4
Oil and gas business Harbour Energy hiked its full-year dividend on Thursday as its transformational takeover of German rival Wintershall was "on track" to complete in Q4.
ITV revenues hit by US actors' and writers' strike
Broadcaster ITV reported a fall in first-quarter revenues on Thursday, dragged lower by the production arm which was hit by the US writers’ and actors’ strike.
London open: Stocks nudge up ahead of BoE announcement
London stocks nudged up in early trade on Thursday, with all eyes on the Bank of England policy announcement amid hopes of a summer rate cut.
Synthomer first-quarter trading in line
Chemicals company Synthomer said on Thursday that first-quarter trading was in line with its expectations at the start of the year and that it continues to expect to make some earnings progress in 2024.
3i Group reports 'strong' results in challenging year
3i Group reported a ‘strong’ set of results in what it described as a challenging year on Thursday, with a total return of £3. 84bn, representing a 23% return on opening shareholders' funds.
Apax Partners sells 27m shares in Baltic Classifieds in placing
Apax Partners has sold 27m shares in Baltic Classifieds in a placing, according to a filing by Merrill Lynch International.
Wood Group Q1 EBITDA rises but revenues fall
Wood Group posted a rise in first-quarter EBITDA but a drop in revenue on Thursday, a day after saying it had rejected a £1. 4bn takeover proposal from Dubai-based Sidara.
London pre-open: Stocks seen up ahead of BoE announcement
London stocks looked set for more gains on Thursday ahead of the Bank of England’s latest policy decision, having scaled new highs a day earlier.
Thursday newspaper round-up: Tax rises, smart meters, Selfridges
The next government will be forced to hit voters with post-election tax rises and delay net zero investment unless it is prepared to rip up Treasury rules for managing the state finances, a leading thinktank has said. The National Institute for Economic and Social Research (Niesr) called for a radical overhaul of the self-imposed constraints imposed on government borrowing and debt as it warned that persistently weak growth and lower inflation would make hitting the rules more difficult.